Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition

Abstract Green New Deal (GND) policies are proposed to tackle the climate emergency. These policies focus on driving climate innovation through unprecedented financial policy levers. However, while the macro-level financing dynamics are clear, the influence of niche level dynamics of sustainable inn...

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Autores principales:	Thomas B. Long, Vincent Blok
Formato:	article
Lenguaje:	EN
Publicado:	Springer Nature 2021
Materias:	History of scholarship and learning. The humanities AZ20-999 Social Sciences H
Acceso en línea:	https://doaj.org/article/1d47eeac7c734a69a4544e4bd7c20a9f
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spelling	oai:doaj.org-article:1d47eeac7c734a69a4544e4bd7c20a9f2021-11-21T12:28:20ZNiche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition10.1057/s41599-021-00945-02662-9992https://doaj.org/article/1d47eeac7c734a69a4544e4bd7c20a9f2021-11-01T00:00:00Zhttps://doi.org/10.1057/s41599-021-00945-0https://doaj.org/toc/2662-9992Abstract Green New Deal (GND) policies are proposed to tackle the climate emergency. These policies focus on driving climate innovation through unprecedented financial policy levers. However, while the macro-level financing dynamics are clear, the influence of niche level dynamics of sustainable innovation financing remain unexplored within these policy settings. Through the context of the European Green Deal and a focus on the agri-tech start-up sector in the Netherlands, we identify factors likely to reduce the efficacy of these policies from an innovation management perspective—such as project matching issues, socio-ethical factors or the characteristics of agri-food climate innovations. We go on to conceptualise that these challenges represent a range of asymmetries—from classic information asymmetries to less common value and objective asymmetries—between climate innovators and private investors and financers. Many remedies for asymmetries involve costs, likely to further inhibit the efficacy of the European Green Deal and similar policies. A partnering approach is proposed, where the non-financial resources of incumbent actors are harnessed and leveraged to enhance climate innovation performance.Thomas B. LongVincent BlokSpringer NaturearticleHistory of scholarship and learning. The humanitiesAZ20-999Social SciencesHENHumanities & Social Sciences Communications, Vol 8, Iss 1, Pp 1-9 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	History of scholarship and learning. The humanities AZ20-999 Social Sciences H
spellingShingle	History of scholarship and learning. The humanities AZ20-999 Social Sciences H Thomas B. Long Vincent Blok Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
description	Abstract Green New Deal (GND) policies are proposed to tackle the climate emergency. These policies focus on driving climate innovation through unprecedented financial policy levers. However, while the macro-level financing dynamics are clear, the influence of niche level dynamics of sustainable innovation financing remain unexplored within these policy settings. Through the context of the European Green Deal and a focus on the agri-tech start-up sector in the Netherlands, we identify factors likely to reduce the efficacy of these policies from an innovation management perspective—such as project matching issues, socio-ethical factors or the characteristics of agri-food climate innovations. We go on to conceptualise that these challenges represent a range of asymmetries—from classic information asymmetries to less common value and objective asymmetries—between climate innovators and private investors and financers. Many remedies for asymmetries involve costs, likely to further inhibit the efficacy of the European Green Deal and similar policies. A partnering approach is proposed, where the non-financial resources of incumbent actors are harnessed and leveraged to enhance climate innovation performance.
format	article
author	Thomas B. Long Vincent Blok
author_facet	Thomas B. Long Vincent Blok
author_sort	Thomas B. Long
title	Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
title_short	Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
title_full	Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
title_fullStr	Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
title_full_unstemmed	Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition
title_sort	niche level investment challenges for european green deal financing in europe: lessons from and for the agri-food climate transition
publisher	Springer Nature
publishDate	2021
url	https://doaj.org/article/1d47eeac7c734a69a4544e4bd7c20a9f
work_keys_str_mv	AT thomasblong nichelevelinvestmentchallengesforeuropeangreendealfinancingineuropelessonsfromandfortheagrifoodclimatetransition AT vincentblok nichelevelinvestmentchallengesforeuropeangreendealfinancingineuropelessonsfromandfortheagrifoodclimatetransition
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Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition

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